About your Search

20120926
20121004
Search Results 0 to 23 of about 24 (some duplicates have been removed)
geo politics has upped the price, but now the slowing economy is questioning how long traders can hold on to those premiums. you can't outrun economic fundamentals no matter how much you print. >> what do you think about that, bill? even though corporate america looks strong, looks like the earnings estimates need to come down. >> i think the summer of dal droms are about over. going forward, the thing that might be the big spark that changes the psychology and the ball game is the election. i don't believe all the polls. we'll see what happens. if we're right that there's a seat change and some fellas join the unemployment line deservedly, then you might see money be put to work. this fiscal cliff and all the other nasties we hear about are not going to be permanent dampeners on the economy. i think you have to look forward and anticipate what's next. >> is it the same scenario -- >> that one i disagree on. >> okay. bill, are you looking at different scenarios if the president wins re-election versus a romney win? how are you playing that? >> well, number one, i don't think anybody's
of the economy, and if that stops jobs are going to stop, too and so is everything else. >> larry, i think those are very good points. i would argue most of the weakness we are seeing in the manufacturing side is a function of much weaker export s because of weakness in europe and asia. i think what we are seeing in the latest chicago data is a catchup with all the other weakness we had seen in earlier surveys. i think the economy is weak. it's not strong by any means but the labor market looks like it is growing. i don't think it will rollover from modest job growth. claims are ploe low and tax receipts are improving. >> 1 30i7b 3% depend we got earlier this weak. a lot of people would call ate growth recession. i want to ask is this stall-speed or an actual recession? >> i think we have slowed since the 1.3% second quarter number larry. we are seeing durable goods orders down in july and august. we are seeing the pmi is down. importantly, europe is moving in to a recession. germany is now in recession and china is not doing its stimulus. you have a coordinated global slow down starts now and i
the economy likely added 155,000 private payroll jobs this month. we'll bring you the number and get you instant reaction from joel prakken. in corporate news, richard schultz is pressing forward with a possible $11 billion buyout of the retailer. schultz and at least four private equity firms have reportedly started examining the books of the economy. at the same time, he is said to be negotiating individually with the pe firms on the details of how his roughly 20% stake in the company would contribute and what role he might be playing after a buyout. and oracle ceo larry ellison says the company won't be making any major acquisitions during the next couple years. in an interview on "closing bell" yesterday, ellison said he is instead focused on growing organically. he also discussed the dividend. >> that's the decision of the oracle board of directors. i believe we'll gradually increase the dividend as opposed to dublg it or tripling it all at once. nothing dramatic. >> shares of oracle during the last year, take a look at it. 31.65. he's gotten close to the top there, joe. >> all righ
. the economy is obviously a big part of this story. the qe announcement providing a shock to stock. we'll talk to charlie evans at 8:30 eastern time. and then it is your money, your vote. we'll start the countdown to the first presidential tee batd, that is on wednesday night. we'll be turning to a pair of political strategists in the next half hour for a preview. plus a cnbc exclusive, julia boars sten catching up with sheryl sandberg. including just how many people put everything about themselves online. >> does it scare that you you've helped create a generation of oversharers? >> i think what we give is people the ability to share what they want. what is one person's ridiculous oversharing is another person's regular day and we build technology that lets users share what they want to share and that's tremendously exciting. >> julia will join us with more of that conversation coming up at 7:30. and we'll find out why craig barrett is not a facebook fan. and in sports news, yes, europe has retained the ryder cup. staging a comeback after the u.s. began sunday with a big lead. europe has won
. >>> consumer spending making up 70% of the u.s. economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can strike what deal and avoid the so-called fiscal cliff. >>> one major retailer hoping for a merry holiday season is jc penney. ceo ron johnson continues to outline his plans for the struggling chain store. the stock down 30%. johnson speaking on the record and excuse swivel our courtney real been the state of his business. courtney? >> hi, tyler, good afternoon. jc penney ceo ron johnson has just begun speaking. the toirng the rocky road to reinventing retape. spoke with johnson exclusively before he took the stage at the event. now, 700 of the total 1100
economy through the gulf. melissa: what do you think is the appropriate response? because we were talking on the show yesterday about how sanctions it seems like are not necessarily working because we highlight ad company that is going ahead and buying iranian oil and is reportedly then selling it to china? because seems like the sanctions are not necessarily that effective. >> for a simple reason, melissa that not all of those who should be putting sanctions are putting sanctions. iran is trading with everybody else than the coalition that is putting sanctions. sanctions alone won't work. they are necessary but, the only thing we need to do. number two, you have the military capacity strike. that is only when we are sure that the iranians crossed that red line. third and most important i guess is work with the iranian opposition, with iranian students and women and minorities those who took to the streets in tehran remember in june 2009? they were very close shaking up the foundation for the regime. unfortunately washington did not seize the moment there. melissa: walid, thank you very m
the world in a slowing global economy are going to open up. we'll see where it all plays out, whether all current cities are suddenly represented in oil and gold, suddenly gold and oil are so high that any gains that you get in your market averages are -- >> and yet crude oil back at -- >> 92, yeah. expressed in either euros or dollar, it's expensive. the ten year note which we know is just able to trade wherever it wants and not being influenced at all by the fed, just at a 1.63%. look at the dollar which has been around 1.28 versus the euro. 1.29 today. and then gold was at a session high, i think it was at a euro all-time high yesterday. down a little bit today. >> right now time for the global markets report. ross westgate is standing by. while you -- >> two days now? >> guess who we get onset with us. >> mr. poulter. that's fantastic. and is that the first interview he's done outside of the event? >> he may have just talked after the event, i guess, and i know he had a few guinnesss after the event. i saw a few pictures yesterday. but he had those same eyes. eyes scare me a little bi
of terrorism. while some romney advisers argue they should keep their focus on the economy, politico says plans are in the works for mitt romney to deliver a major foreign policy speech shortly after wednesday's debate. what do you think of that? you think he should do that? >> yes. i think, as i said, right after the killing, that wasn't the time to talk about this. >> right. >> now is the time, several weeks later, to talk about it. john heilemann, the lead in "the new york times," mistake in faith and security seen at libya mission before benghazi raid. response to the june bomb raised confidence in local guards. this benghazi story is an absolute mess. i think -- i've heard stuart stevens as saying let's focus on the economy. i think stuart stevens is exactly right. americans don't care as much in the polls about foreign policy. but several weeks later after this, i think it's very legitimate now that the press is going in and a couple of weeks have passed since the ambassador's death, now, yes. i mean, he's got a responsibility to talk about how badly the white house bungled this. >> i thi
at a military acted any many pennsylvania romney hammered away at the president over the economy. >> i have to tell you that i don't know how a single person who goes to this institution could consider voting for the incumbent for president. i say that for this reason. if they want to go in the military, why, he is planning on cutting our military by about $1 trillion over the next decade. if they want to go on to either get a job directly or go on to a four-year college and come out with a gee, you know that 50% of kids coming out of college today can't find a job or a college level job. on both fronts, this president's policies have not worked for the young people of america. >> their first debate happens on wednesday. the romney team is downplaying expectations. romney advisor beth myers distributes this memo explaining why the president is probably going to do better. she says that president obama is one of the most talented political communicateors in modern history. this will be his eighth one-on-one presidential debate and romney's first. the president will use his ample rhetorical g
to which they are pumping new cash into the economy which was information that came out last night contributed to a good day in the shanghai stock market, up 2%, it's done horribly for many, many, many months, is that chinese cash injection a big surprise in the same sense that the fed's cash injection was always big surprise? >> i think them coming out and saying that -- affirm something that some people thought, just like people thought there was going to be qe-3 but it wasn't until they affirmed it and we saw stocks take off again. we saw qe 1, qe-2, qe-qe-3. look at our poverty rate, our unemployment rate. that's not a recovery. >> housing prices are getting better. >> that's a bubble. incomes aren't going up. >> housing is in a hugh bubble? >> look at what happened to mortgage rates. >> this is literally unfounded. you're combining these really big stories about poverty which is all legitimate debate to have with a shorter term story with respect to what's happening in the market and i would add after qe 1, after qe-2 and now qe-3, the initial reaction was stocks turned lower.
of the executive suite and of course the economy and business in america as well as globally. we're going to talk with him at 4:30 p.m. eastern. before that, we have some heavy hitters coming up, including the former yahoo! ceo and the coca-cola ceo. all of a that coming up in the program. meanwhile, let's get back to the markets. we have a double-digit decline. in fact, it looks like the dow is on track to close lower for the sixth time in eight trading sessions. the dow jones industrial average now at 13,436, a decline of about 0.5%. if we close lower today that, would be the sixth decline in the last eight trading sessions. a bit of worry about earnings on the trading horizon, as we are expected expecting the stream of earnings to take effect. weakness in apple today. it is about 5% of the s&p 500 and 20% of the nasdaq. so as apple goes, so goes the market. that's what we're seeing once again today. s&p 500 down about five points. that's 1/3 of 1%. with markets in the red, let's look at what this says about where we are in business today. joining me in today's "closing bell" exchange, we have
. are the fed's actions going to have much impact on the economy, and what about the jobs picture right now? >> okay, first you got to recognize the head winds the fed is working against. economic growth is slowing because of uncertainties surrounding the fiscal cliff. analysts were overoptimistic about earnings, and that reality is sinking in. and the world is a risky place. so there's reasons investors lack conviction. with regard to jobs, we've heard the adp number before. i think it's kind of getting old. so i don't take much from the fact that markets didn't respond to the adp report. i think we'll get a solid number, 125-k. >> historically, still a very small number though, right? >> sure. it's one in which we're not making material progress in reducing unemployment, and it's not one the fed will be satisfied with. they told us they're setting a much higher bar for employment gains. >> let's talk about hp here, jeff. a sharp decline in the stock. one of the reasons that the dow industrial is really -- can't break out here in any way. you have a fair amount of winners there. hewlett pa
the it should go down game. >> what if you're making a call on the real economy, x market. what would you be saying about the u.s. fortunes into q4? >> i still await a negative retail story that i don't have. china -- can china remain bad forever? that's a difficult question to see how long it can remain bad. >> good point. stuff on housing is good. the lead story in "the journal" today, trade slowing. slowing pmis in japan, china, europe -- >> how is this news? what news was there in that story about trade is slow? were they really that devoid of anything new? that's like, d.a. probes rackets. come on! >> meanwhile, busy week for new companies. one of the busiest weeks for ipos since july. and i think september, i just saw these numbers, the best september since '99. eight deals, $5.5 billion, best actual month since may. >> david bust ser coming back. my daughter was able to beat -- there's a claw that comes down -- my daughter got five straight. i'm glad dave & buster is coming back. >> anything worth anything? >> not more than two cents. >> and it costs 50 cents to play? >> i've dropp
had expected. that suggests the economy may not be so hot, right? >> set the stage. we just downgrade the second quarter. we went from 1.7 to 1.3. we talked about that yesterday. >> this i consistent with that. >> exactly. we thought third quarter might have a two handle on it. we're taking that two handle off. before i came on goldman sachs has a report saying they're looking at 1.9. i see some over 1.8, 1.7. slow mediocre growth continues. i think the key being, can we resolve the issues that have hung over the american economy from spain? >> is madrid more important than chicago? >> at least it is today. we wanted to see what the needs would be for the spanish banks. the numbers that they put out today after this exhaustive examination. >> do you breath numbers? >> the market believes them now. they came about in line with expectations. the number could change depending on what happens with the spanish economy and if real estate prices fall even further. you think more of this like a tradeoff. if the capital requirements had been even bigger it would have meant they were going to c
us his assessment of the global economy. faber will have a live interview. >>> plus, inside the metropcs deal. was it the right call? and lifelock's first debut. the ceo is all on tap. >> announcer: today, fourth quarter investment strategies. quarter investment strategies. henry mo, not a migraine now. try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. >>> all right. welcome back to "squawk on the street." the opening bell is set to ring in a minute's time. big day sha
to start talking about the issues. they're going to start talking about the economy. why the deficit's been above $1 trillion now four years running, and maybe if the moderators get into it, what's happening in the middle east, and what they think they can do about it. i think that governor romney's plan's going to be to try to stick to the substance because i think the country knows we need a change. >> i'm only half joking about kicking out of the room. metaphorically, a lot of republicans want to see mitt romney do just that to the president. they want to see him verbally beat him up and make the points that you've made crystal clear and win the argument. but there's another argument that says that one of mitt romney's problems is he's not likeable enough and he may need to turn on the kind of easy ronald reagan charm which he deployed so successfully in debate. it's a fine line, isn't it, between being hard and aggressive and making a point, but also coming over as likeable. >> right. and piers, really, the way to deal with that, and i think this is true for any debate but especially on
factor in how this whole economy shapes up. going you there the holidays they will -- okay, do you have a question there? melissa: i did because i don't understand. it is not like they're going to stop delivering mail if they run out of money. they're not just fund out postage. they have a giant debt to the treasury, a huge line of credit. they're defaulting on debt they have now. they continue to get loans. they run out of cash not like they will shut the door on your customers and your customers will have to lay off all their workers, right? >> part of the problem they have to make this $5.5 billion payment for the prefunding of health care. they have got to make another payment here shortly in september for the retirement funds. another $5 billion. they're just not going to make those payments. they will not have enough cash going through the system to make this payment at this time. what they're going to do is they will move things around, close facilities faster than they had allegedly told us they were going to do it. so it disrupts the whole distribution system of the mailing pro
of confidence in the economy. everybody's saying, yeah, things feel better, but it's not perfect yet. >> also, there's no urgency. the fed is telling us rates are going to stay at rock bottom until 2015. i don't have to rush into the market now. >> that and the fact your house is worth now what it was in 2004 before the few years of psycho fraud happened. people aren't saying buy, buy, buy because this is a super investment and it's going to go up 10% a year. yeah, people are waiting for the right house. there's people i've had as buyers who have waited a year to find the right house. yeah, they paid a little more for it, but it was worth the wait. people are picky too. >> diana, there's just no urgency. >> no urgency. i was just talking to an investor today. he was talking about this fundamental shift in attitudes toward homeownership. it's just not what it used to be. a lot of potential buyers out there are saying i can rent a single family home and even though, you know, home sale prices are lower and affordability is supposedly better, i don't have to deal with a mortgage. i don't have to
their friends in southern europe and indeed the economy here in the united states. michelle caruso-cabrera will talk about some of the bad pigs in a minute, but first senior economics reporter steve liesman with the story of some vindicated doves. >> because the new game is called "bad piggies." that's where we're coming from. >> and we're only doing this because the producer jason gawertz made us do this. he said could we think of an app that would apply with today's data and i did. it's called vindicated doves. at least initially here, why is that? because essentially the economic data came in weak. let me show you what the economic data showed. the numbers come in you're looking for 5.6% positive -- or negative. you get minus 13.2 off a prior 3.27%. i think the dove says i don't care i had this one right. gdp took .4 off the prior print right there. midwest manufacturing down negative. p and pending home sales much changed from the prior month from positive to negative. take a look at some of the comments here. vindicated doves. anyone facing doubt about the need forred 23ed's r
to an incredible hour of television on "squawk box" with zell talking about what he's seen in the economy, talking more about corporate i.t. upgrade cycles. here's what zell said not too long ago. >> nobody wants to make commitment to be on tomorrow. we run a company that does a lot of corporate enterprising installations. and one of their triggers is when the enterprise projects start getting delayed, we are heading for a recession. and that's exactly what you're looking at right now. >> when the enterprise project starts getting delayed, we are heading for a recession. that collides with the calls we are seeing regarding cisco right now. jim, channel checks going on? >> cisco, morgan stanley put out positive comments, but when you think about icht t. spending, it is oracle and cisco. the one thing confusing for me is ibm, sap, they both said business is quite strong. accenture just said these are strong. imperricly he's wrong. anecdotely he's right, imperricly he's wrong. >> not just highs but record highs in yesterday's recession. we are seeing the providers do well in today's stock market. >>
Search Results 0 to 23 of about 24 (some duplicates have been removed)